ID05Y: Possibility of Yield goes to 7.64%,Threat of Rate Hike?

Diupdate
Hello Fellow Bond Investor/Trader/Global Economist, Here's our technical outlook for Indonesia 5 Year Government Bond Yield!

Chart Perspective
ID05Y is forming the symmetrical triangle and we will wait for the breakout as a confirmation of bullish bias ahead. The momentum Indicator made a golden cross, that signifies a potential bullish movement to the target area.

Macroeconomic:
The possibility of a Rising Yield usually means the investors expect a higher interest rate in the future. Therefore, they are selling their bonds holding.

All other explanations are presented on the chart.

The roadmap will be invalid after reaching the target/support area.

"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the ID05Y"
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